Question
Problem 14-2 (Part Level Submission) SweetCo. is building a new hockey arena at a cost of $2,310,000. It received a downpayment of $490,000from local businesses
Problem 14-2 (Part Level Submission) SweetCo. is building a new hockey arena at a cost of $2,310,000. It received a downpayment of $490,000from local businesses to support the project, and now needs to borrow $1,820,000to complete the project. It therefore decides to issue $1,820,000of12%,10-year bonds. These bonds were issued on January 1, 2016, and pay interest annually on each January 1. The bonds yield11%. [Links showing the problem, the last one I am stuck on, mostly I care about understanding the account titles] https://gyazo.com/3342bba3e2da6360a45807887dc678e0 https://gyazo.com/422fc0b107e672bbc822186e8db8dd6e https://gyazo.com/d9b84d30426558db2c5b195cf39a3a57
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